Reviews, presenting a well-rounded analysis of Lithuania's economy and financial system as well as the activities of various market participants, and macroeconomic projections drawn up by the Bank of Lithuania.

Laws of the Republic of Lithuania, Resolutions of the Board of the Bank of Lithuania, other legal acts regulating the activities of the Bank of Lithuania, as well as international and inter-institutional agreements.

Positions, guidelines, opinions and explanations of the Bank of Lithuania, decisions thereof on the application of EU guidelines, all of which are relevant for the supervised financial market participants.

Publications

Currency unions are often modeled as homogeneous economies, although they are fundamentally different. The expectations that impact macroeconomic behavior in any given country are not the expectations of variables at the currency-union level but at the country level. We model these expectations with a behavioral reinforcement learning model. In our model, economic integration is of particular importance in determining whether economic behavior in a currency union is stable. Monetary policy alone is insufficient to guarantee stable economic behavior, as the central bank cannot conduct different monetary policies in different countries. These results are easily overlooked when modeling expectations as rational.